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ronald reagan signed on to one of the largest -- one of the largest tax increases -- >> that was a tax -- >> that's why -- >> tax reform -- >> kept it from exploding. >> worked out -- >> you have to have some notion of what you want to do. >> the issue here is that, you know, romney has not put any of the details out. i mean, that is true. he's thrown some ideas. he said he's going to balance the budget in seven to ten years while doing tax reform, while increasing defense spending, not touching medicare. i mean there's a lot of things that don't add up but because romney has not given the details doesn't give the president the right to make them up for him. i mean, he is not going to have a $5 trillion net tax cut. >> absolutely good at details -- >> that's not his plan. >> but i think to say there's a $5 trillion tax cut to be offset by mystery meat. you know, that's a correct statement. >> or -- >> there's a $5 trillion tax cut, well, but we don't know what it is he's going to do but what he proposed is a $5 trillion tax cut plus he says, trust me, i'll do something he different. th
ronald reagan signed on to one of the largest -- one of the largest tax increases -- >> that was a tax -- >> that's why -- >> tax reform -- >> kept it from exploding. >> worked out -- >> you have to have some notion of what you want to do. >> the issue here is that, you know, romney has not put any of the details out. i mean, that is true. he's thrown some ideas. he said he's going to balance the budget in seven to ten years while doing tax reform,...
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reagan in 1984. >> i did avoid, i'm afraid, in my previous answer also. >> reporter: president obama seemed to have initially thought all went well that night. >> this was a terrific debate. >> reporter: but quickly after he left the stage, he talked to aides and realized he had not brought his "a" game. "this is on me," he later told top advisers, and since then, he's been studying the video of that night with the goal of a more energetic and crisp performance. while the obama campaign dismisses it, other top democrats say pressure is now on vice president biden. a win by congressman paul ryan could create a dynamic of energized challengers squaring off against tired incumbents. and, diane, vice president biden is in debate prep holed off in a delaware hotel reading the book that ryan co-authored, "young guns" and practicing some of the attack lines the president did not use. there is more room for vice presidential candidates to use those attack lines because their approval ratings do not matter as much. diane? >> jake, as you said, the pressure really on, and governor romney tried
reagan in 1984. >> i did avoid, i'm afraid, in my previous answer also. >> reporter: president obama seemed to have initially thought all went well that night. >> this was a terrific debate. >> reporter: but quickly after he left the stage, he talked to aides and realized he had not brought his "a" game. "this is on me," he later told top advisers, and since then, he's been studying the video of that night with the goal of a more energetic and crisp...
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he's worked at bls since before ronald reagan was president. he introduced us to the economist who actually wrote this morning's unemployment rate announcement. how much of a secret is that number before you put it out? i mean, you can't call me up and tell me what the number is going to be? >> no, i can't tell anyone. it's a complete -- a complete secret. >> reporter: before the release, they are literally sworn to secrecy. the white house doesn't see their work until it's done. and nardone keeps the report in a safe in his office. you've been working here more than 20 years. have you ever had a situation, or heard of a situation, where somebody at the white house calls and says, hey, can you move the number a little bit? >> absolutely not, has never happened. >> reporter: could it happen? >> a lot of people would be leaving this building if it did. it would not happen. >> reporter: today, the american enterprise institute, a prominent conservative think tank here in washington, dismissed suggestions that the white house had interfered with th
he's worked at bls since before ronald reagan was president. he introduced us to the economist who actually wrote this morning's unemployment rate announcement. how much of a secret is that number before you put it out? i mean, you can't call me up and tell me what the number is going to be? >> no, i can't tell anyone. it's a complete -- a complete secret. >> reporter: before the release, they are literally sworn to secrecy. the white house doesn't see their work until it's done....
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ronald reagan -- >> oh. now, you're jack kennedy. >> reporter: vice president joe biden and republican challenger, paul ryan, delivered stark difference on domestic and foreign policy. including how to fix the economy. >> we're going in the wrong direction. look at where we are. the economy is barely limping along. >> it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsibility for their own lives. they pay more effective tax than governor romney pays in his federal income tax. >> reporter: ryan went after president obama for his response to the u.s. consulate attack in libya. >> it took the president two weeks to acknowledge that this was a terrorist attack. >> reporter: while biden challenged ryan's proposed changes to medicare. >> you are jeopardizing the program. you're changing the program from a guaranteed benefit. >> reporter: it was a more heated back and forth than the first presidential debate. and biden often laughed at ryan's arguments. >> joe bide
ronald reagan -- >> oh. now, you're jack kennedy. >> reporter: vice president joe biden and republican challenger, paul ryan, delivered stark difference on domestic and foreign policy. including how to fix the economy. >> we're going in the wrong direction. look at where we are. the economy is barely limping along. >> it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsibility for their own lives. they pay more effective...
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. >> ronald reagan. >> bonus point. >> no bonus points, rob. >> his card did come up first. >> there's no buzzers here. >> you have to be fast. >> george is already conscientiously objecting. >> welcome to my life. question number two, a president was forced to enact the 25th amendment when his daughter was kidnapped. fact or fiction? >> i think rob was quick on the draw. and you are correct. >> you're both correct. >> that was real, right? >> i thought so. >> all very confusing. question number three. franklin roosevelt and eleanor roosevelt, had the same name before they were married. fact or fiction? >> do i have to guess? i'm going to go with fact. >> that's correct. >> rob has taken the lead. >> franklin and eleanor were distan cousins and had the same last name. >> wow. george, this is your chance for redemption here. did a president ever, say, let's say lose his lunch at a state dinner? fact or fiction? >> yes. in 1992. >> george has a bonus point. we are all -- this is it. for at least three marbles that we found in the props department. after years of speculation revealed that
. >> ronald reagan. >> bonus point. >> no bonus points, rob. >> his card did come up first. >> there's no buzzers here. >> you have to be fast. >> george is already conscientiously objecting. >> welcome to my life. question number two, a president was forced to enact the 25th amendment when his daughter was kidnapped. fact or fiction? >> i think rob was quick on the draw. and you are correct. >> you're both correct. >> that was...
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president carter lost to ronald reagan, president reagan lost his first debate to robert mondale. president bush lost his first debate to bill clinton and ross perot. next president bush lost his first debate to john kerry. so when president obama lost his first debate last week to his challenger, mitt romney, that outcome was totally in keeping with the sad, sad incumbent president tradition of getting creamed in their first debate. but what hat means for tonight is that the democrats are looking for a solid performance to try to stop the republican momentum, to try to quash the poll imbalance that romney and ryan have been enjoying since the debate last week even if stephanie cutter tried to tell us a minute ago there was so much bounce. to that end, chuck todd joins us from the debate site with new polling information out today. chuck, what do we know today, chuck? >> i think we know, look, there has been some movement in romney's direction. now, some of it is, i would say, if you look at everything we've learned over the last few days, in our polling, in ohio, florida, and vir
president carter lost to ronald reagan, president reagan lost his first debate to robert mondale. president bush lost his first debate to bill clinton and ross perot. next president bush lost his first debate to john kerry. so when president obama lost his first debate last week to his challenger, mitt romney, that outcome was totally in keeping with the sad, sad incumbent president tradition of getting creamed in their first debate. but what hat means for tonight is that the democrats are...
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>> first of all, i was there when ronald reagan was there. he gave specifics of what he was going to cut, number one, in terms of tax expenditures. number two, 97% of the small businesses in america make less than $250,000. let me tell you who some of those other small businesses, hedge funds that make $600, $800 million a year. they dhunt as small business. let's look at how sincere they are. governor romney on "60 minutes" about ten days ago was asked, governor, you pay 14% on $20 million. someone making $50,000 paid more than that. do you think that's fair? he said oh, yes, that's fair. that's fair. and they're going to talk -- you think these guys are going to go out there and cut those loopholes? the biggest loophole they take advantage of is the carried interest loophole and capital gains loophole. they exempt that. now, the reason why. aei study, the american enterprise institute study, the tall policy center study, the reason they say taxes are going up on the middle class, the only way you can find $5 trillion in loopholes is cut the
>> first of all, i was there when ronald reagan was there. he gave specifics of what he was going to cut, number one, in terms of tax expenditures. number two, 97% of the small businesses in america make less than $250,000. let me tell you who some of those other small businesses, hedge funds that make $600, $800 million a year. they dhunt as small business. let's look at how sincere they are. governor romney on "60 minutes" about ten days ago was asked, governor, you pay 14% on...
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. >> look at what ronald reagan did. he worked together to lower tax rates and broaden the base and they worked together to fix that. what we're saying, here's our frame work. lower tax rates 20%. we've raise about $1.2 trillion through income taxes. we forego about $1.1 trillion in loopholes and deductions. what we're saying is, deny those loopholes and deductions to higher income taxpayers so that more of their income is taxed, which has a broader -- >> can i transplait? >> here's why i'm saying this. >> i hope i'm going to get time to respond. >> you'll get time. >> we want to work with the congress to help us to achieve this. that means successful. >> no specifics, again. >> what we're saying lower tax rates 20%. start with the wealthy. work with congress. >> you guarantee this math will add up? >> absolutely. six studies have verified this math adds up. >> vice president biden? >> let me translate. let me have a chance to translate. >> i'll come back in a second. >> first of all, i was there when ronald reagan was t
. >> look at what ronald reagan did. he worked together to lower tax rates and broaden the base and they worked together to fix that. what we're saying, here's our frame work. lower tax rates 20%. we've raise about $1.2 trillion through income taxes. we forego about $1.1 trillion in loopholes and deductions. what we're saying is, deny those loopholes and deductions to higher income taxpayers so that more of their income is taxed, which has a broader -- >> can i transplait? >>...
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Oct 12, 2012
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reagan and tip o'neill did. they worked together out of a framework to lower tax rates and broaden the base. and they worked together to fix that. what we are saying is, here's our framework. lower tax rates 20%. we raise about 1.2 trillion through income taxes. we forego about 1.1 trillion in loopholes and deductions. and so what we're saying is deny those loopholes and deductions to higher income taxpayers so more of their income is taxed, which has a broader base of taxation. >> can i translate. >> so we can lower tax rates across the brd. here ishy why i'm saying this. what we are saying. >> i hope i will get time to respond to this. >> will you get time. >> we want to work with congress on how best to achieve this. that means it successful. >> no specifics, then again. >> what we are saying is lower tax rates 20%, start with the wealthy. work with congress. >> you guarantee this math will add up. >> absolutely. six studies have guaranteed. six studies have verified that this math adds up. >> vice president
reagan and tip o'neill did. they worked together out of a framework to lower tax rates and broaden the base. and they worked together to fix that. what we are saying is, here's our framework. lower tax rates 20%. we raise about 1.2 trillion through income taxes. we forego about 1.1 trillion in loopholes and deductions. and so what we're saying is deny those loopholes and deductions to higher income taxpayers so more of their income is taxed, which has a broader base of taxation. >> can i...
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ronald reagan and president carter. and for that one they offered me a seat in the hall and i took it and it turned out to be the worst place in the world to watch a presidential debate because everyone in america of course is watching it on tv and you get a different perspective in the hall. it's not -- in many events it's great to be inside where it's actually happening. i think for a journalist that's not the case for these presidential debates. every debate since then i've covered off tv. i'll be in the media filing center watching those tv screens and frantically trying to meet my first deadline when it comes up and wanting to see the debate just as american voters will be seeing it. >> when is the first time you have to file tonight? >> sadly the first time i have to file tonight is 9:35. so that will be a pretty tentative story because the debate will have just begun. and so -- but then i have another hour before my second edition deadline so that story should be able to be a little more conclusive. >> we have a
ronald reagan and president carter. and for that one they offered me a seat in the hall and i took it and it turned out to be the worst place in the world to watch a presidential debate because everyone in america of course is watching it on tv and you get a different perspective in the hall. it's not -- in many events it's great to be inside where it's actually happening. i think for a journalist that's not the case for these presidential debates. every debate since then i've covered off tv....